Ex-Detroit Lion Ron Bartell Plans New Development with $4.6 Million Investment in ‘Avenue of Fashion’

Former Detroit Lions cornerback Ron Bartell is charging forward with $4.6 million of investment in new development and renovations along the historic “Avenue of Fashion.”

The investment is spread across a handful of Bartell’s properties on Livernois Avenue between Seven Mile and Eight Mile roads. It includes a new mixed-use building expected to cost $3 million to construct, as well as $1.6 million in renovations to a couple of buildings set to welcome new tenants this spring and fall.

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$20 Million Redevelopment Planned for Detroit’s Milwaukee Junction block

A pair of local developers has scooped up a block of buildings in Milwaukee Junction for $4.5 million with the intention of investing $20 million into mixed-use redevelopment there.

Method Development LLC said it plans to convert five industrial buildings totaling 101,000 square feet into dozens of residential units and several ground-floor retail shops.

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Bonstelle Theatre Lease OK’d as Part of 12-story West Elm Boutique Hotel Project

The Wayne State University Board of Governors approved Wednesday a long-term lease of the to-be-decommissioned Bonstelle Theatre as part of Detroit-based developer The Roxbury Group’s planned West Elm hotel project.

David Di Rita, principal of Roxbury, said the 45-year lease also includes a number of options to renew and that the property would be renovated and restored with things like updated HVAC systems and interior, auditorium and finishes. A specific budget for the theater renovation project has not been calculated, but the overall effort to restore it and construct the West Elm hotel on Woodward Avenue on the edge of Midtown and Brush Park is expected to cost $50 million

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Five Trends That Will Impact Real Estate Investing This Year

Let’s be honest: Real estate valuations are very high today. But worries of an impending housing crash are premature. There are many trends that could continue to drive real estate values. A millennial middle class hungry for the independence of owning a home and a reasonable economy outweigh housing indicators that might signal a downturn is imminent. That doesn’t mean U.S. real estate markets are not in a pivotal phase. In fact, 2019 is poised to create significant opportunity for those who understand the five significant economic and demographic trends driving the market. Let’s consider the following five trends.

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Keep Your Real Estate Investment Strategy Simple By Paying Attention To Three Basics

If you’ve built up a nice nest egg yourself and are wondering what to do when the next crash comes, how to position yourself for a boom or a bust or where to look to find a solid real estate investment deal, remember to keep it simple and pay close attention to these three basic concepts

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